Mumbai, Apr 11: The Foreign Institutional Investors (FIIs) totally stayed away from the debt market while notching up heavy net purchases of Rs 1,035.6 crore (USD 229.3 million) in equities for the trading week ended April 09. Mutual funds (MFs) recorded net sales of Rs 401.86 crore in equities but netted inflows of Rs 491.63 crore in debt instruments during the period under review, according to the data with Securities and Exchange Board of India here.
FIIs were net buyers to the tune of Rs 417.4 crore (USD 92.7 mn) in equities, the highest for the trading week, on April 06.
They were also net purchasers at Rs 318.7 crore (USD 70.1 mn), Rs 131.2 crore (USD 29.1 mn) and Rs 168.3 crore (USD 37.4 mn) on April 05, 07 and 08 respectively.
The foreign funds were completely away from the debt market for the four trading days in the week. MFs remained net sellers on three days while recording its highest net outflow of the week at Rs 231.96 crore on April 06 followed by Rs 112.97 crore and Rs 56.93 crore on April 07 and 05 respectively.
In the debt market, MFs registered net purchases at Rs 208.31 crore (Apr 07), Rs 200.18 crore (Apr 06) and Rs 83.14 crore (Apr 05).
The BSE benchmark 30-share index showed volatile movements and after opening at 5809.74 points, eased to a low of 5775.88 on Wednesday, to bounce back and end the week at 5838.45, showing a marked rise of 50.37 points.
Bureau Report